Procurement’s Big Miss When it Comes to Diversity, Equity and Inclusion
Companies are simultaneously recalibrating the workforce to better reflect the global population and create a working environment that’s worthy of all talent. To build momentum and move forward in meaningful ways, businesses are relying on human resources to assess where they stand on diversity and drive DE&I strategies forward.There’s one problem. Nearly 50% of a company’s talent is left out of the equation.Up to half of the total workforce is comprised of external workers, which includes contingent labor, consultants, contractors, project-based talent and gig workers. Much of this labor segment is most often under the purview of procurement, and thus, can be hidden from HR’s sight and excluded from its initiatives.
Procurement’s big miss when it comes to DEI.